Subscribe to our newsletter

MetLife wins CareSuper insurance contract

MetLife wins CareSuper insurance contract

Adrian Flores
— 1 minute read

CareSuper has announced it will move to MetLife at the beginning of next year when its existing contract with CommInsure expires.

CareSuper said it decided to appoint MetLife as its new insurer starting from 1 January 2017, following an extensive tender process.

Chief executive of CareSuper Julie Lander said while MetLife will initially take on the existing benefit design and terms, the two companies will work together on future design options to ensure CareSuper continues to provide meaningful and relevant cover for its members.

“We understand that insurance through superannuation is often the only cover people have, so default arrangements need to meet the majority of members’ needs as well as the flexibility to be tailored to meet specific requirements,” Ms Lander said in a statement.

MetLife chief executive Deanne Stewart said the company is excited that CareSuper has chosen to partner with it.

“We share a common belief in the positive role default insurance has inside superannuation, ensuring those who can’t work to save for their retirements are still protected,” Ms Stewart said.

Read more:

RBA keeping Australian dollar on a tight leash

ANZ to raise $1 billion with new hybrid

Challenger annuity sales up 22 per cent

AMP Capital to liquidate China Growth Fund

New exchange-quoted managed fund launched

 

MetLife wins CareSuper insurance contract
investordaily image
ID logo

related articles

promoted stories